Over the years, Vietnam has been one of the most dynamic emerging countries in East Asia, with remarkable economic growth over the past three decades. The energy sector in general and electricity sector in particular play a key role in promoting and sustaining the country's socioeconomic development. However, the power sector has revealed weaknesses and shortcomings in its production and use of energy and electricity. The problem has emerged recently due to the exhaustion of domestic hydro, coal, and oil resources and the fast-growing carbon emissions in Vietnam.